Selling a/c machine after use , can be chargeble for vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2011
we brought 2 Air conditioner machine for company in 1990, after put to use, we are planning to remove and resale the same, at the time of capitalisation we did't take input credit for the same.
Pls let us know this trancation to be charged Vat for resale
If chargible what is the rate of tax.. in Andhra Pradesh Value added Tax
Pls let us know this trancation to be charged Vat for resale
If chargible what is the rate of tax.. in Andhra Pradesh Value added Tax
02 September 2011
input credit is not available on office machinery,
for clearance, sale the same as scrap of AC and pay 5% VAT
for clearance, sale the same as scrap of AC and pay 5% VAT
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